PACCAR (NASDAQ:PCAR) Issues Quarterly Earnings Results

PACCAR (NASDAQ:PCAR) issued its quarterly earnings results on Tuesday. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02, FiscalAI reports. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the previous year, the company earned $1.46 earnings per share. The company’s quarterly revenue was down 9.8% compared to the same quarter last year.

Here are the key takeaways from PACCAR’s conference call:

• PACCAR reported strong first-quarter results with $6.8 billion in revenue and $605 million in net income, driven by robust PACCAR Parts ($1.7B revenue; $402M pre-tax) and PACCAR Financial Services ($116M pre-tax).
• PACCAR delivered 33,100 trucks in Q1 and expects to deliver an estimated 37,000–38,000 in Q2, saying factories are full for Q2 and largely committed into Q3/Q4, supporting near-term volume and margin improvement.
• Company gross margins rose to 13.1% in Q1 and management forecasts around 13.5% in Q2, citing volume-driven and price?cost favorability but noting continued competitive pricing and raw?material/energy pressures.
• PACCAR is investing in product and technology leadership — DAF won International Truck of the Year and launched new EV models, Kenworth introduced the C580, and the company plans $725–$775M in capital spending and $450–$500M in R&D for next?gen powertrains, autonomy and connected services.
• Management flagged downside risks that could pressure results, including fuel and operating?cost volatility, tariff/timing uncertainty and potential supplier constraints (hiring, energy exposure and component availability), though no immediate supply disruptions were reported.

PACCAR Price Performance

Shares of PACCAR stock traded up $1.80 during trading on Wednesday, hitting $121.41. 221,163 shares of the company’s stock traded hands, compared to its average volume of 3,113,788. The company has a market cap of $63.89 billion, a PE ratio of 26.92, a PEG ratio of 1.06 and a beta of 1.06. The firm’s fifty day moving average price is $121.18 and its 200 day moving average price is $114.16. PACCAR has a twelve month low of $86.60 and a twelve month high of $131.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.98 and a quick ratio of 2.79.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.35 per share. This is an increase from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. PACCAR’s dividend payout ratio (DPR) is presently 29.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PCAR. Morgan Stanley set a $109.00 price target on shares of PACCAR and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Truist Financial upped their price objective on shares of PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday. Wells Fargo & Company set a $125.00 target price on PACCAR in a research report on Wednesday. Sanford C. Bernstein restated an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. upped their price target on PACCAR from $133.00 to $142.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $118.42.

Insider Transactions at PACCAR

In other news, EVP C Michael Dozier sold 79,076 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $127.92, for a total value of $10,115,401.92. Following the sale, the executive vice president directly owned 34,656 shares in the company, valued at approximately $4,433,195.52. This represents a 69.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brice J. Poplawski sold 2,200 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $130.41, for a total value of $286,902.00. Following the completion of the transaction, the chief financial officer directly owned 903 shares of the company’s stock, valued at approximately $117,760.23. The trade was a 70.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 133,105 shares of company stock valued at $16,869,046. Corporate insiders own 1.99% of the company’s stock.

Institutional Trading of PACCAR

Several institutional investors have recently bought and sold shares of PCAR. Wellington Management Group LLP raised its stake in PACCAR by 18.6% during the fourth quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock worth $2,516,272,000 after acquiring an additional 3,597,283 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of PACCAR by 129.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,275,921 shares of the company’s stock valued at $249,237,000 after purchasing an additional 1,286,056 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of PACCAR by 93.2% in the 4th quarter. California Public Employees Retirement System now owns 2,077,002 shares of the company’s stock worth $227,452,000 after purchasing an additional 1,001,687 shares during the last quarter. UBS Group AG grew its holdings in shares of PACCAR by 28.7% in the 3rd quarter. UBS Group AG now owns 2,608,601 shares of the company’s stock worth $256,478,000 after purchasing an additional 581,986 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of PACCAR by 530.8% during the 4th quarter. Mackenzie Financial Corp now owns 608,990 shares of the company’s stock worth $67,441,000 after purchasing an additional 512,443 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Trending Headlines about PACCAR

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR raised its quarterly dividend 6.1% to $0.35 per share (annualized yield ~1.2%), signaling confidence in cash flow and returning capital to shareholders. PACCAR Increases Regular Quarterly Dividend
• Positive Sentiment: PACCAR beat EPS estimates ($1.15 vs. $1.13) driven by stronger PACCAR Parts and Financial Services profitability, which helps offset weaker truck unit volumes. PCAR Q1 Earnings Surpass Estimates on Higher Parts Profit
• Positive Sentiment: Company commentary highlighted sequential improvement vs. Q4 and an expanding production backlog, which could support truck shipments if demand strengthens. PACCAR Achieves Good Financial Performance
• Neutral Sentiment: PACCAR released its Q1 slide deck and earnings/analyst call materials and transcripts — useful for detail on margins, parts/finance trends and dealer inventories but contain no major forecast changes. PACCAR Inc 2026 Q1 – Results – Earnings Call Presentation
• Neutral Sentiment: Full earnings call and prepared remarks are available for deeper read — they explain margin drivers (parts, finance) and the truck demand backdrop but did not include a material guidance shift. PACCAR Inc (PCAR) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Revenue missed expectations ($6.23B actual vs. $6.37B est.) and was down ~9.8% YoY, reflecting weak demand for new trucks — the primary driver of the negative market reaction. PACCAR (NASDAQ:PCAR) Misses Q1 CY2026 Revenue Estimates
• Negative Sentiment: Independent coverage highlights “tepid demand” for new trucks and persistent industry overcapacity, risks that could pressure volumes and near-term revenue. PACCAR’s revenue falls on tepid demand for new trucks
• Negative Sentiment: Market commentary points to the earnings/revenue mix (slight EPS beat but revenue shortfall and weaker outlook for truck demand) as the proximate cause for the share sell-off today. Why PACCAR (PCAR) shares are plunging today

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.